International Tower Hill Mines (NYSEAMERICAN:THM) Now Covered by StockNews.com

StockNews.com started coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) in a report published on Friday. The brokerage issued a sell rating on the mining company’s stock.

International Tower Hill Mines Stock Down 9.4 %

Shares of NYSEAMERICAN:THM opened at $0.68 on Friday. International Tower Hill Mines has a 12 month low of $0.31 and a 12 month high of $0.80. The stock has a market capitalization of $135.81 million, a P/E ratio of -34.00 and a beta of 1.14.

International Tower Hill Mines (NYSEAMERICAN:THM) (TSE:ITH) last announced its quarterly earnings results on Friday, March 8th. The mining company reported ($0.01) EPS for the quarter.

Insider Buying and Selling

In other news, major shareholder Paulson & Co. Inc. acquired 2,268,256 shares of International Tower Hill Mines stock in a transaction that occurred on Thursday, January 18th. The shares were bought at an average cost of $0.66 per share, with a total value of $1,497,048.96. Following the transaction, the insider now directly owns 64,198,980 shares of the company’s stock, valued at approximately $42,371,326.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On International Tower Hill Mines

A number of institutional investors have recently modified their holdings of the stock. Virtu Financial LLC increased its holdings in International Tower Hill Mines by 314.9% during the fourth quarter. Virtu Financial LLC now owns 61,808 shares of the mining company’s stock valued at $26,000 after buying an additional 46,910 shares during the period. Atria Wealth Solutions Inc. increased its holdings in International Tower Hill Mines by 54.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 51,018 shares of the mining company’s stock valued at $30,000 after buying an additional 18,000 shares during the period. Renaissance Technologies LLC increased its holdings in International Tower Hill Mines by 25.2% during the fourth quarter. Renaissance Technologies LLC now owns 161,859 shares of the mining company’s stock valued at $69,000 after buying an additional 32,559 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in International Tower Hill Mines by 15.8% during the second quarter. Wells Fargo & Company MN now owns 202,713 shares of the mining company’s stock valued at $85,000 after buying an additional 27,713 shares during the period. 54.63% of the stock is owned by hedge funds and other institutional investors.

About International Tower Hill Mines

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.